Question
You are the auditor of Deakin Ltd (Deakin). Management of Deakin has estimated the provision for doubtful debts and should be $595,000. As auditor you
You are the auditor of Deakin Ltd (Deakin). Management of Deakin has estimated the provision for doubtful debts and should be $595,000. As auditor you believe that the allowance should be $675,000. Management will not change its estimate. Profit before tax for the year is $725,000
Determine the appropriate audit opinion to be issued. Give reasons why
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
